Tuesday, January 15, 2019

HFF announces $24.8 million sale of San Diego-area industrial park



Kara Mathis

SAN DIEGO, CA – HFF announces the $24.8 million sale of Haffley Industrial Park, a fully leased, two-building industrial park totaling 146,700 square feet in the San Diego-area community of National City, California

Nick Psyllos
The HFF team represented the seller, Presidio Property Trust.  KKR purchased the property. 

Situated on two separate parcels totaling 6.1 acres, Haffley Industrial Park is located at 2011, 2013 and 2010 Haffley Avenue and 940 West 19th Street in National City, an infill, coastal area less than seven miles south of downtown San Diego. 


The property, which is near the Naval Base San Diego, is in a last-mile location approximately half a mile from the Unified Port of San Diego and eight miles from the San Diego International Airport.  

Additionally, the park has immediate access to Interstate 5 and is less than 12 miles from the U.S. border with Mexico.  Haffley Industrial Park features clear heights ranging from 18 to 24 feet, wide truck courts, a total of seven dock-high doors, 11 grade-level doors and a low office finish.  Originally constructed in 1971, the buildings were recently renovated.

The HFF investment advisory team representing the seller included senior managing director Nick Psyllos, senior director Nick Frasco and senior associate Kara Mathis.

Nick Frasco
“KKR recognized that the Haffley Industrial Park was a rare opportunity to acquire functional industrial real estate in a highly sought-after infill location very close to both Naval Base San Diego and downtown,” Psyllos said. 

 “There are excellent demand drivers in place with numerous defense contractors who find this location to be ideal to service Navy vessels.  Haffley Industrial Park is located just west of Interstate 5 via Bay Marina Drive in National City.”

Holliday GP Corp. ("HFF") is a real estate broker licensed with the California Department of Real Estate, License Number 01385740.

For additional information about KKR& Co. Inc. (NYSE:KKR), please visit KKR's website at www.kkr.com and on Twitter @KKR_Co.


CONTACTS:

NICK PSYLLOS
CA Lic. #00788060
HFF Senior Managing Director
(858) 552-7690

NICK FRASCO
CA Lic. #01819400
HFF Senior Director
(858) 552-7690

KIMBERLY STEELE
HFF Digital Content/Public Relations Specialist
(713) 852-3420

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